Check-Out The Profit Made In Cassava Production After The Feasibility Study On Garri(Cassava Starch) Production in Africa

I  have chosen this product because of its short time harvesting and also because of great demand in the market .it is a type of product demanded all year round because of daily consumption or exportation purposes and  because of this I am aiming at producing enough of this product for my studies and for sell  in the  market.

TECHNICAL FEASIBILITY

This particular product garri is gotten from cassava which is  planted by propagation  method, that is to say ridges and beds are made on the soil before introducing  cassava sticks to them.

Cassava  is planted between April  to May and harvested from June to December in the following year.

The  materials involved are ; a piece of land to cultivate it, labour equipments like hoes,cutlass,shovels etc.

FINANCIAL FEASIBILITY

Start up capital ten hectares of land       = $790

Equipments/machine                              = $100

Depreciation                                           = $200

Indirect cost                                            = $550

Total

The price of cassava that I am going to produce.

One paint of garri                                    = $2.4

One bag of the garri                                = $23

 One basket of the raw cassava               = $4.3

One cup of garri                                      = $0.24

I am estimating the next present value of the product to be;

One paint of garri                                     = $2.7

One bag of garri                                       = $26

One basket of raw cassava                       = $4.7

One cup of garri                                       = $0.27

ORGANIZATIONAL FEASIBILITY

I am the chief executive officer, I can also be seen as the financial manager and the firm supervisor and I have three people working under me.

CONCLUSION/ SALES AND COST PLAN

Items/cost

Sales                                                                   

$58,580

Less raw materials                                           

$572

Labour                                                                 

$7515

Gross profit                                                       

$30400

Indirect  cost                                                      

$472

Net profit                                                             

$87058

EXECUTIVE SUMMARY

The objective of the study is to know how profitable the cassava production enterprise is and also to know  how possible it can be to produce a large quantity of cassava for the nations utilization.

I recommend the production of the cassava because of its ease in production and quantity yields.